November canola is up $18.40/mt, December soybean oil is up 1.18 cents/pound, November European rapeseed is up 6.50 euro/mt and September Malaysian palm oil is up .35%. December oats are up 5 cents/bushel while November European corn is up 8.50 euros/mt. August crude oil is up $.07/barrel, August ULSD is up $.1225/gallon, and the September Canadian dollar is down .00170 at .70570. The September U.S. Dollar Index is up .164 at 100.785 and the August Brazilian real is up .00215 at 0.19290.

Grain and oilseed markets are extending overnight gains going into midsession in what appears to be an urgent round of short covering. The lack of relief in sight from the European drought has resulted in a new contract high being set in their corn market with a breakout from a saucer bottom that's been years in the making being the result. With Europe already such an important corn importing country, the U.S. corn market has jumped on the developments.

Energy markets are higher with diesel continuing to lead the way, adding to overnight gains. Significant attacks by Ukraine on Russian oil refineries may be to blame for the strength in product values.

Outside markets are mixed with stocks very strong while bonds have turned quietly lower. The U.S. dollar has given up some of its best overnight gains but remains higher on the day.

(c) Copyright 2026 DTN, LLC. All rights reserved.